Bybit Receives Best Crypto Exchange UAE 2025 Award

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has been honored with the Best Crypto Exchange UAE 2025 award from the Global Business & Finance Magazine Awards. This recognition is due to Bybit’s growing market presence in the UAE’s digital asset space and its regional expansion efforts.

The Global Business & Finance Magazine Awards are noted for their rigorous quantitative assessment process, recognizing companies and individuals who provide exceptional value in finance and business operations globally. Bybit was acknowledged for its consistent market growth, adaptability to regulations, and strategic involvement within the UAE’s cryptocurrency landscape.

Regulatory Milestones Reinforce Local Commitment

The award coincides with significant regulatory achievements that showcase Bybit’s expanded operations in the UAE. The company received In-Principle Approval from the UAE Securities and Commodities Authority (SCA), allowing it to operate a Virtual Asset Platform throughout the country.

Additionally, the Virtual Assets Regulatory Authority in Dubai provisionally licensed Bybit as a Virtual Asset Service Provider (VASP). Operations for Virtual Asset Exchange services in Dubai will commence fully once VARA completes regulatory assessments and compliance tests. These approvals position the UAE as a transparent market for virtual assets.

Bybit’s Strategic Vision for the UAE Market

Bybit is strategically expanding its market presence through its operations in Dubai and Abu Dhabi. The company’s regulatory approach reflects a systematic plan focused on compliance standards and maximizing user trust. Bybit aims to enhance accessibility, safety, and services within the UAE’s cryptocurrency ecosystem, gaining recognition from the Global Business & Finance Magazine.

The Bybit exchange boasts over 60 million subscribers worldwide, emphasizing security, robust infrastructure, and user-friendly features as core strengths. The UAE’s recent development phase facilitates Bybit’s influence in transitioning to regulated digital payments, thereby strengthening the nation’s position in international cryptocurrency markets.